Automobile Industry Has High Hopes From The New Year 2022

Automobile industry has high hopes from the new year 2022: New Year 2022: know the opinion of companies.

The year was full of ups and downs for the automobiles industry, with a slew of high-end vehicles launching in the Indian market, while the lack of semiconductor chips globally impacted production.

The industry also faced a lot of troubles due to the increase in raw material prices.

In such a situation, the auto industry has high hopes for the new year 2022. Companies expect the coming year to be a better one for them.

The automobile industry has high hopes for the new year: Maruti Suzuki India statement.

RC Bhargava, President, Maruti Suzuki India expressed hope that 2022 will be better for the industry than 2021.

He said that this year, we have lost a lot of production due to a shortage of semiconductors. I think the situation will be much better in 2022.

Statement of the Director-General of SIAM.

Rajesh Menon, Director General of SIAM said that 2021 has been a very challenging year for the auto industry, I hope the coming year will be better for the auto industry.

Friendly policies of the government like an extension of the FAME-II scheme till 2024.

Increase in incentives for two-wheelers, and launch of Production-Linked Incentive (PLI) scheme for auto and auto component sector approx Rs 26,000 crore and PLI for advanced chemistry approx.

The Rs 18,000 crore SAIL will provide huge support to this sector.

Tata Motors – We expect the coming year to strengthen demand for passenger ICEs and electric vehicles, said Shailesh Chandra, President of Tata Motors.

Even as the new year coincides with the uncertainties associated with Omicron, concerns about semiconductor supply, and higher input costs.

It is worth noting that the luxury car makers also have a lot of expectations from the upcoming year 2022, they also believe that the coming year will be better for them than this year.

FADA expressed apprehension.

On the one hand, while the auto industry is expecting a better coming year, on the other hand, the association of auto dealers, FADA, has expressed apprehension.

Apprehension is if there is a lockdown due to the increasing outbreak of new variants, then it will have a direct impact on the supply of vehicles. , which may further delay the delivery of the cars.

However, the industry body has expressed hope that the shortage of semiconductor chips in vehicles may be overcome if the outbreak of coronavirus remains low and lock-down is not imposed till the second half of next year.